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CHC Finance Organization Recognized at Dallas Business Journal’s 2017 CFO of the Year Awards

Thursday, October 26, 2017
CHC Group was honored by the Dallas Business Journal earlier this week at the Chief Financial Officer of the Year awards in the extra-large company category.


Dallas, TEXAS – CHC Group was honored by the Dallas Business Journal earlier this week at the Chief Financial Officer of the Year awards in the extra-large company category. The award, presented on October 24, is given to the chief financial officers and teams responsible for outstanding performance within their companies. The award is selected by a panel of top regional financial leaders and their criteria includes:

  • Financial growth during the year
  • Success in overcoming significant business challenges or barriers
  • Superior leadership and team management
  • Commitment to the company’s financial best practices and accounting standards, or success as a strategic visionary for the enterprise
  • Other facts such as individual contributions to the local community

“We are proud to be recognized for the hard work of Lee Eckert and our finance team in aligning our business and fleet with the downturn in the oil and gas sector and positioning us to be successful in a challenging market,” said Karl Fessenden, President and CEO of CHC Helicopter. “It’s an honor to be recognized alongside some outstanding local companies for the work our team put in to make our turnaround possible.”

A key factor in the recognition was CHC’s reorganization and successful emergence from Chapter 11 restructuring earlier this year. On March 24, 2017 CHC emerged from the restructuring process with an improved business model and a strengthened balance sheet, which help competitively position the company for the future.

About CHC
CHC Helicopter, celebrating 70 years of safety, innovation and service, is a global leader in enabling customers to go further, do more and come home safely, including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services. To learn more, visit www.chcheli.com.

Susan Gordon
Senior Director, Global Communications

Cautionary Note on Forward-Looking Statements
This press release and other statements that we may make contain forward-looking statements. Forward-looking statements are statements that are not historical facts and include statements about our future financial condition and future business plans and expectations. Such forward-looking statements are based upon the current beliefs and expectations of our management, but are subject to risks and uncertainties, which could cause actual results and/or the timing of events to differ materially from those set forth in the forward-looking statements. The forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.